Summit Financial LLC Buys New Shares in Lennox International, Inc. $LII

Key Points

• Summit Financial LLC acquired 1,440 shares of Lennox International, Inc., valued at approximately $808,000, in its recent 13F filing.
• Lennox International reported $7.82 EPS for the quarter, surpassing analysts' projections of $6.90, with a revenue of $1.50 billion.
• The company has initiated a $1.00 billion share repurchase plan, indicating a belief that its shares are undervalued.

Summit Financial LLC bought a new stake in Lennox International, Inc. (NYSE:LII - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,440 shares of the construction company's stock, valued at approximately $808,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LII. Jump Financial LLC boosted its position in Lennox International by 31.6% in the fourth quarter. Jump Financial LLC now owns 520 shares of the construction company's stock valued at $317,000 after buying an additional 125 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in Lennox International by 247.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 26,620 shares of the construction company's stock valued at $16,220,000 after buying an additional 18,950 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Lennox International by 227.4% in the fourth quarter. BNP Paribas Financial Markets now owns 76,149 shares of the construction company's stock valued at $46,398,000 after buying an additional 52,888 shares in the last quarter. Captrust Financial Advisors boosted its position in Lennox International by 500.0% in the fourth quarter. Captrust Financial Advisors now owns 94,086 shares of the construction company's stock valued at $57,326,000 after buying an additional 78,406 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its position in Lennox International by 3.8% in the fourth quarter. Driehaus Capital Management LLC now owns 38,259 shares of the construction company's stock valued at $23,311,000 after buying an additional 1,411 shares in the last quarter. 67.07% of the stock is currently owned by institutional investors and hedge funds.

Lennox International Trading Down 0.8%

NYSE:LII traded down $4.76 during trading hours on Friday, hitting $554.73. The stock had a trading volume of 58,206 shares, compared to its average volume of 402,187. Lennox International, Inc. has a one year low of $500.10 and a one year high of $689.44. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 1.41. The company has a market cap of $19.48 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 1.82 and a beta of 1.10. The business's 50 day moving average is $598.74 and its 200-day moving average is $580.91.

Lennox International (NYSE:LII - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $7.82 EPS for the quarter, beating the consensus estimate of $6.90 by $0.92. Lennox International had a net margin of 15.41% and a return on equity of 99.81%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $6.83 earnings per share. The business's quarterly revenue was up 3.4% on a year-over-year basis. Lennox International has set its FY 2025 guidance at 23.250-24.250 EPS. Sell-side analysts anticipate that Lennox International, Inc. will post 22.94 EPS for the current fiscal year.

Lennox International announced that its Board of Directors has initiated a stock buyback program on Thursday, May 22nd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 5% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity at Lennox International

In other Lennox International news, CAO Chris Kosel sold 300 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $591.86, for a total value of $177,558.00. Following the completion of the sale, the chief accounting officer owned 1,282 shares of the company's stock, valued at approximately $758,764.52. This represents a 18.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel M. Sessa sold 2,782 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $670.04, for a total transaction of $1,864,051.28. Following the sale, the executive vice president directly owned 31,574 shares of the company's stock, valued at $21,155,842.96. This represents a 8.10% decrease in their position. The disclosure for this sale can be found here. 9.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LII has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Lennox International from $455.00 to $549.00 and gave the company an "underweight" rating in a research report on Friday, May 16th. Barclays upped their target price on shares of Lennox International from $696.00 to $753.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. UBS Group upped their target price on shares of Lennox International from $570.00 to $676.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Wells Fargo & Company upped their target price on shares of Lennox International from $550.00 to $675.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Finally, Oppenheimer upped their target price on shares of Lennox International from $650.00 to $730.00 and gave the stock an "outperform" rating in a research report on Thursday, July 24th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $635.33.

About Lennox International

Lennox International Inc, together with its subsidiaries, designs, manufactures, and markets a range of products for the heating, ventilation, air conditioning, and refrigeration markets in the United States, Canada, and internationally. The Home Comfort Solutions segment provides furnaces, air conditioners, heat pumps, packaged heating and cooling systems, indoor air quality equipment, comfort control products, and replacement parts and supplies; residential heating, ventilation, cooling equipment, and air conditioning; and evaporator coils and unit heaters under Lennox, Dave Lennox Signature Collection, Armstrong Air, Ducane, AirEase, Concord, MagicPak, Advanced Distributor Products, Allied, Elite Series, Merit Series, Comfort Sync, Healthy Climate, iComfort, ComfortSense, and Lennox Stores name.